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EUR/USD Technical Analysis: rangebound expected to persist in the near term

  • EUR/USD keeps facing strong resistance in the vicinity of the 1.1480 region today, where is located the key 100-day SMA.
  • The so far multi-week sideline theme between 1.1200 and 1.1500 is poised to prevail in the sort-term horizon, while a test of the 1.1300 neighbourhood remains on the cards as long as the resistance line, today at 1.1564 caps the upside.
  • The surpass of the critical 1.1500/50 band should allow a test of the 1.1600 handle and above, home of later October tops.

EUR/USD daily chart











    Today Last Price: 1.1462
    Today Daily change: 22 pips
    Today Daily change %: 0.192%
    Today Daily Open: 1.144
    Previous Daily SMA20: 1.1399
    Previous Daily SMA50: 1.1376
    Previous Daily SMA100: 1.1479
    Previous Daily SMA200: 1.1639
    Previous Daily High: 1.1486
    Previous Daily Low: 1.1422
    Previous Weekly High: 1.1586
    Previous Weekly Low: 1.1309
    Previous Monthly High: 1.1486
    Previous Monthly Low: 1.1269
    Previous Daily Fibonacci 38.2%: 1.1446
    Previous Daily Fibonacci 61.8%: 1.1461
    Previous Daily Pivot Point S1: 1.1413
    Previous Daily Pivot Point S2: 1.1386
    Previous Daily Pivot Point S3: 1.135
    Previous Daily Pivot Point R1: 1.1477
    Previous Daily Pivot Point R2: 1.1513
    Previous Daily Pivot Point R3: 1.154


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